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new Chicago Milwaukee and Gary Railway Co. - Unissued 1908 dated Railroad Stock Certificate

Inv# RS5569   Stock
New Item!
State(s): Illinois
Indiana
Wisconsin
Years: 1908
Color: Brown and Black

Unissued Stock printed by Western Bank Note Co., Chicago. The Chicago Milwaukee & Gary line got its start as the Illinois, Iowa & Minnesota Railway in 1904. In 1905, the line was extended northwesterly from Aurora to Rockford, IL. The Chicago Milwaukee & Gary name as a railroad was a misnomer, as the line never actually traveled to any of its namesake cities, although it did provide a line to bypass the heavy freight traffic around the Chicago area. The railroad was leased to the Milwaukee Road in 1922 and eventually sold to them outright in 1930, who would then abandon the  Rockford to Kirkland segment. The Milwaukee used the line for transporting coal from its interests in southern Indiana to the rest of its operations, which were generally located north and west from  Chicago. South of  Aurora, the line used trackage rights on the Elgin Joliet and Eastern Railway  Aurora Branch via Normantown to connect to points south and east of  Chicago. Upon reaching Joliet, the line used its own independent tracks again to connect to Momence and the rest of its lines. Read more at https://www.frrandp.com/2018/03/forgotten-railways-of-chicago-chicago.html

Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
OUT OF STOCK